August 13, 2014

Words in the News: Bankruptcy

Robin Williams faced ‘serious money troubles’ shortly before his death. He was forced to accept a string of second-rate but lucrative acting roles which insiders say made his battle with depression even tougher. The actor had admitted that he was on the verge of bankruptcy and was relying on the success of an upcoming TV series which was then ignominiously cancelled, affecting him deeply. Hollywood and the showbusiness world was stunned after the 63-year-old star of Mrs Doubtfire and Good Morning, Vietnam was found dead at his home in Tiburon, near San Francisco, on Monday. Full story >>

VOCABULARYBankruptcy is a situation in which a person or business has officially admitted that they have no money and cannot pay what they owe. • The company that lifted Swedish automaker Saab out of bankruptcy is now facing financial difficulties of its own.

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Words in the News: Bankruptcy

Robin Williams faced ‘serious money troubles’ shortly before his death. He was forced to accept a string of second-rate but lucrative acting roles which insiders say made his battle with depression even tougher. The actor had admitted that he was on the verge of bankruptcy and was relying on the success of an upcoming TV series which was then ignominiously cancelled, affecting him deeply. Hollywood and the showbusiness world was stunned after the 63-year-old star of Mrs Doubtfire and Good Morning, Vietnam was found dead at his home in Tiburon, near San Francisco, on Monday. Full story >>

VOCABULARYBankruptcy is a situation in which a person or business has officially admitted that they have no money and cannot pay what they owe. • The company that lifted Swedish automaker Saab out of bankruptcy is now facing financial difficulties of its own.